What is the excess tax benefit realized by the company

Assignment Help Financial Accounting
Reference no: EM132492947

If the fair value of the options exercised in 2011 has already been accounted for as compensation expense in financial statements over the required vesting period (or, required service period) for $78,560,000:

Question 1: What is the excess tax benefit realized by the company in 2011 on account of option exercised (given the tax rate of 40% all along)?

Question 2: How much does the deferred tax asset revert in 2011 on account of option exercise in that case?

Reference no: EM132492947

Questions Cloud

What benefits can a diverse workforce provide : What benefits can a diverse workforce provide to an organization? What are the possible negative consequences for an organization that does not embrace.
What is its gross profit : Assuming that Bradley Corporation sold 18,000 units during the last six months of the year at $13 each, what is its gross profit?
Determining the theme of a paper or project : What are some tips on determining the theme of a paper or project?
What activities could you implement at home : What activities could you implement, either at home or in a classroom, that would help young children develop self regulation? Provide an example for both.
What is the excess tax benefit realized by the company : What is the excess tax benefit realized by the company in 2011 on account of option exercised (given the tax rate of 40% all along)?
What is the probability that a randomly selected monthly : What is the probability that a randomly selected monthly cell phone bill is between $62 and $84. Cell phone bills are distributed with a standard deviation
Discuss your experience creating the website : Discuss your experience creating the website. Note any challenges you experienced and how you overcame them. Share something that you learned while constructing
Compute the amount of loss if any to be recognized : Ignoring income taxes, compute the amount of loss, if any, to be recognized by Sunland as a result of retiring the $1,230,000 of bonds in 2020.
Depression on the kid life and mental breakdown : Students' health can start deteriorating, making students miss school some days and thus missing out on some lessons.

Reviews

Write a Review

Financial Accounting Questions & Answers

  Provide the eec board of directors

As EEC's corporate business financial analyst, you will be required to provide the EEC board of directors and executive management team with essential financial information on the management of the EEC enterprise.

  Plus installation to a customers gas line

Master Grill sells free-standing gas grills plus installation to a customer's gas line for a total price of $700. The contract price includes a one-year warranty on the product. On a standalone basis,

  Explain the role of an internal auditors department

Explain the role of an internal auditors department in ensuring the effectiveness of a company's control environment and to what extent the work.

  How is expense best treated on his current year tax return

During the current year Clifton, a corporate CEO, took a two-week seminar at the National Strategy Association on strategic planning in order to improve his strategic planning skills. The tuition and fees totaled $14,000, which he paid out-of-pocket ..

  Analyze the financial health of the firm

Of course he needs also your recommendation based on the calculation the initial investment, the incremental operating cash flow, the terminal cash flow, and the relevant cash flow associated with each of the alternatives - As a Future Business Le..

  Administrative expense

Identify each cost as direct materials, direct labor, factory overhead, selling expense, or administrative expense.

  Post the adjusting entries to the ledger

Assignment - Principles of Financial Accounting Project. Post the adjusting entries to the ledger. Prepare financial statements

  Investor purchase the bond

If an investor call and require and 6.5 rate of return, will the investor purchase the bond, explain why.

  Statements concerning review analytical procedures

Which of the following statements concerning review analytical procedures is false?

  Illustrate what competitive threats are associated

Construct a five forces model for the rhino sales industry. Illustrate what competitive threats are associated with rival sellers, suppliers, buyers, substitutes, and new entrants?

  The following cost data pertain to 20x6 operations of

the following cost data pertain to 20x6 operations of heritage productsquarter 1 quarter 2 quarter 3 quarter 4 shipping

  What formulas would use to calculate daily demand

In Excel, would the high/low limits be the same as using min/max formulas? Also, what formulas would you use to calculate daily demand?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd